Assessment: ”While scientists continue to research the variant, omicron’s large number of mutations has raised alarm …
Stock futures pointed to a rebound following Friday’s big sell-off, as investors monitor the latest developments related to the Covid omicron variant and assess its potential market impact.
Futures on the Dow Jones Industrial Average gained 255 points, or 0.7%. S&P 500 futures added 0.9% and Nasdaq 100 futures rose 1%.
Stocks are coming off a holiday-shortened session Friday in which the Dow posted its worst day since October 2020. The Dow was down 905 points, or 2.5%. The S&P 500 tumbled 2.3% and the Nasdaq Composite slipped 2.2%. The three major indexes were negative for the week.
“And there will be famines, pestilences, and earthquakes in various places.” Matthew 24:7
“The pandemic and COVID variants remain one of the biggest risks to markets, and are likely to continue to inject volatility over the next year(s).
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